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Keywords = organizational eco-innovation

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16 pages, 584 KiB  
Article
From Green Culture to Innovation: How Internal Marketing Drives Sustainable Performance in Hospitality
by Ibrahim A. Elshaer, Chokri Kooli and Alaa M. S. Azazz
Adm. Sci. 2025, 15(8), 286; https://doi.org/10.3390/admsci15080286 - 22 Jul 2025
Viewed by 424
Abstract
As environmental sustainability becomes a strategic priority for the hospitality sector, firms are increasingly adopting internal green marketing (IGM) practices to drive innovation. This study investigates how IGM influences innovative performance (IP) among hotel employees, focusing on the mediating roles of pro-environmental behavior [...] Read more.
As environmental sustainability becomes a strategic priority for the hospitality sector, firms are increasingly adopting internal green marketing (IGM) practices to drive innovation. This study investigates how IGM influences innovative performance (IP) among hotel employees, focusing on the mediating roles of pro-environmental behavior (PEB) and internal green values (IGV). Drawing on data from 400 hotel employees in Egypt and analyzed using partial least squares structural equation modeling (PLS-SEM), the results reveal that while IGM significantly enhances PEB and IGV, it does not directly improve innovative performance. Instead, IGV and PEB fully mediate the relationship between IGM and IP, highlighting that innovation emerges primarily through value-driven behavior and organizational culture. These findings contribute to the sustainability and innovation literature by proposing a validated model that explains how internal marketing mechanisms foster eco-innovation. The study offers practical implications for hotel managers aiming to cultivate a sustainability-oriented culture and embed green values into daily operations to support long-term innovation. Full article
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20 pages, 897 KiB  
Article
Achieving Supply Chain Sustainability Through Green Innovation: A Dynamic Capabilities-Based Approach in the Logistics Sector
by Ahmad Ali Atieh and Mastoor M. Abushaega
Sustainability 2025, 17(13), 5716; https://doi.org/10.3390/su17135716 - 21 Jun 2025
Viewed by 847
Abstract
This study examines the effect of internal dynamic capabilities i.e., digital leadership, environmental awareness, and organizational learning, on sustainable supply chain performance as studied in the logistics sector. It builds on the Dynamic Capabilities Theory by combining notions of green innovation and sustainability [...] Read more.
This study examines the effect of internal dynamic capabilities i.e., digital leadership, environmental awareness, and organizational learning, on sustainable supply chain performance as studied in the logistics sector. It builds on the Dynamic Capabilities Theory by combining notions of green innovation and sustainability and fills the growing gap in the existing literature. Despite the fact that these domains have been extensively studied independently, there has been limited research examining how internal capabilities contribute to green supply chain innovation (GSCI) that in turn results in sustainability outcomes, especially in the case of emerging markets. Seven hypotheses were tested using Partial Least Squares Structural Equation Modeling (PLS-SEM) analysis of data collected from 312 logistics and supply chain professionals in Jordan. This study shows that each of the three capabilities has a major effect on GSCI and therefore sustainable performance. Linking the most influential predictor of sustainability outcome to sustainable supply chain performance, as indicated by the strongest effect (β = 0.825, p < 0.001) between GSCI and sustainable supply chain performance, and followed by significant coefficients between the sustainable information processing (β = 0.261, p < 0.01), and information capabilities (β = 0.297, p < 0.001), indicates that the theory is more suited to GSCI. In particular, digital leadership had the largest impact on the green innovation (β = 0.481, p < 0.001), indicating that the role of digitally driven leadership is to facilitate eco-innovation. In addition, this intermediate factor, GSCI, serves as a variable that mediates relationships between the capabilities and the sustainability outcomes. As the results here suggest, leveraging internal capabilities is a very tangible channel for green innovation that has important ramifications for practitioners and policymakers facing resource constraints. Full article
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32 pages, 1645 KiB  
Article
Harnessing Digital Transformation for Sustainable Performance: Exploring the Mediating Roles of Green Knowledge Acquisition and Innovation Performance Under Digital Transformational Leadership
by Zaynab Asbeetah, Ahmad Alzubi, Amir Khadem and Kolawole Iyiola
Sustainability 2025, 17(5), 2285; https://doi.org/10.3390/su17052285 - 6 Mar 2025
Cited by 6 | Viewed by 3561
Abstract
The rapidly growing proliferation of digital technology presents unprecedented opportunities to address sustainability challenges in today’s manufacturing sector. This research examines the effects of digital transformation on sustainable corporate performance, focusing on the mediating roles of green knowledge acquisition and innovative performance. Grounded [...] Read more.
The rapidly growing proliferation of digital technology presents unprecedented opportunities to address sustainability challenges in today’s manufacturing sector. This research examines the effects of digital transformation on sustainable corporate performance, focusing on the mediating roles of green knowledge acquisition and innovative performance. Grounded in new institutional theory, this research targets the Turkish manufacturing industry, employing a quantitative methodology. Data were collected via structured surveys from 332 middle and senior managers, representing diverse sectors, using purposive sampling. Statistical analyses, including regression and moderated multiple regression, were executed using AMOS and Hayes’ PROCESS macro. Findings demonstrate that digital transformation positively influences sustainable corporate performance. Green knowledge acquisition and innovation performance serve as significant mediators. Moreover, digital transformational leadership was found to enhance the relations between digital transformation and its mediators. However, limited leadership capabilities weakened these connections. This result highlights the significance of digital tactics with sustainable goals to achieve competitiveness with eco-friendly corporate practices. These findings significantly enhance sustainable performance by facilitating the acquisition of green knowledge and fostering innovation performance. The implications emphasize the necessity for policymakers and business leaders to foster digital leadership, enhance innovation capabilities, and promote green knowledge management as part of their organizational strategies. The research study investigating organizations can leverage digital technologies to achieve sustainable performance by actively acquiring green knowledge and driving innovation. This research introduces a novel distinction into the mechanism through digital transformation that can drive sustainability, thus contributing to a duality of academic literature and practical implementation in a period of rising ecological and economic difficulties. Full article
(This article belongs to the Special Issue Digital Transformation and Innovation for a Sustainable Future)
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14 pages, 651 KiB  
Article
The Role of Demographic Changes and Digitalization in Eco-Innovations and Their Effects on the Growth of Companies
by Jasna Auer Antončič, Jana Hojnik, Mitja Ruzzier, Maja Konečnik Ruzzier and Brandon Soltwisch
Sustainability 2024, 16(14), 6203; https://doi.org/10.3390/su16146203 - 20 Jul 2024
Cited by 3 | Viewed by 1714
Abstract
This research explores the role of demographic changes and digitalization in fostering eco-innovations and their subsequent effects on company growth. Employing a quantitative approach, the study investigates how shifts in demographics and the adoption of digital technologies influence eco-innovative practices across companies. The [...] Read more.
This research explores the role of demographic changes and digitalization in fostering eco-innovations and their subsequent effects on company growth. Employing a quantitative approach, the study investigates how shifts in demographics and the adoption of digital technologies influence eco-innovative practices across companies. The findings reveal that demographic changes are driving the adoption of various eco-innovations, which indirectly contributes to company growth. Additionally, digitalization shows a significant positive relationship with organizational eco-innovations, but its impact on product and process innovations is less pronounced. These results underscore the importance of both demographic factors and strategic digitalization in promoting eco-innovations that yield environmental and economic benefits. This research addresses a crucial gap in the existing literature by uncovering how demographic and digital changes influence eco-innovation and growth, specifically within the context of Slovenian enterprises. Full article
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19 pages, 1016 KiB  
Article
The Synergy of Ambidextrous Leadership, Agility, and Entrepreneurial Orientation to Achieve Sustainable AI Product Innovation
by Shuxin Zhang and Sid Suntrayuth
Sustainability 2024, 16(10), 4248; https://doi.org/10.3390/su16104248 - 17 May 2024
Cited by 4 | Viewed by 3588
Abstract
This study aims to explore potential mechanisms of ambidextrous leadership (AL) in product innovativeness from the perspective of organizational agility (OA) and entrepreneurial orientation (EO) in firms operating in the artificial intelligence (AI) industry. A quantitative research method was used with 405 questionnaires, [...] Read more.
This study aims to explore potential mechanisms of ambidextrous leadership (AL) in product innovativeness from the perspective of organizational agility (OA) and entrepreneurial orientation (EO) in firms operating in the artificial intelligence (AI) industry. A quantitative research method was used with 405 questionnaires, and the respondents were randomly selected from reputable databases. Structural equation modeling was employed to evaluate the model fit and conduct hypothesis testing. The findings suggest that ambidextrous leadership demonstrates a significant positive influence on product innovativeness and OA; also, through the mediating role of OA, it is possible to analyze both the direct and indirect relationships among the factors. Additionally, the moderating effect of EO on the intercorrelations among these factors was explored. This study enhances existing knowledge on leadership dynamics in the context of new product development, highlights the importance of adaptability in leadership, and sheds light on the interplay between OA, EO, and new product innovation. This study highlights the role of product innovativeness in sustainable AI product development. Enhanced product innovativeness not only sustains AI product development but also promotes environmental sustainability. This is achieved through the minimization of energy use, reduction in material requirements, and prevention of pollution. Firms are using these insights to develop sustainable and eco-friendly products, as well as create new market opportunities while reducing environmental impact. This research underscores the interconnectedness of factors in this study and sustainability, providing a new perspective on sustainable AI product development. Full article
(This article belongs to the Section Sustainable Management)
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18 pages, 284 KiB  
Article
Managing Strategic Tensions in the Development of Organizational Ecosystems
by Giedrius Jucevičius and Kristina Grumadaitė
Sustainability 2024, 16(5), 1764; https://doi.org/10.3390/su16051764 - 21 Feb 2024
Viewed by 1881
Abstract
The paper explores the key strategic tensions in the development of organizational ecosystems as well as the applied responses. It presents a conceptual overview of the key tension areas faced by the coordinators of complex inter-organizational systems and the results of empirical case [...] Read more.
The paper explores the key strategic tensions in the development of organizational ecosystems as well as the applied responses. It presents a conceptual overview of the key tension areas faced by the coordinators of complex inter-organizational systems and the results of empirical case studies conducted in knowledge-intensive industrial clusters in Lithuania (in the fields of high-technologies, information and communications technology, medical innovations and wellness products, cinema and game industries, machinery production and tourism). The research presented in the paper identifies eight strategic tensions faced by the leaders responsible for the development of organizational ecosystems: (1) focused interventionism vs. self-organization; (2) hierarchy-based structures vs. network-based (eco)systems; (3) under-connectedness vs. over-connectedness; (4) central rules vs. emerging metanorms; (5) short-term vs. long-term orientation; (6) focus on elements vs. relationships in the system; (7) big wins vs. small wins; and (8) exploitation vs. exploration. Case studies and expert interviews with the coordinators of different industrial clusters revealed the diversity of adopted approaches. The more mature the social and industrial context of the industrial cluster is, the less pronounced are the strategic tensions, and there is less need for focused interventions. In cases where such interventions are needed, the leaders of ecosystems adopt one of the following approaches: (1) take a position on one of the extremes by seeking to leverage the situation; (2) adopt a trade-off approach by seeking a point of balance; (3) capitalize on both extremes at the same time. The adopted approach may vary from one strategic tension to another within the same organizational ecosystem. Full article
(This article belongs to the Section Sustainable Management)
12 pages, 1094 KiB  
Article
Greening Organizations: The Relationship between Employee Environmental Concern, Perception of Advantages of Eco-Innovations, and Support for Innovation
by Salvatore Zappalà, Luca Radassao and Ferdinando Toscano
Sustainability 2023, 15(24), 16718; https://doi.org/10.3390/su152416718 - 11 Dec 2023
Cited by 1 | Viewed by 2474
Abstract
Environmental sustainability is a relevant challenge for companies, and employees’ perceptions of the advantages of ecological innovation, or eco-innovation, introduced by the company represent an important driver of organizational change adoption. This study examines if employees’ environmental concerns, considered as a general attitude [...] Read more.
Environmental sustainability is a relevant challenge for companies, and employees’ perceptions of the advantages of ecological innovation, or eco-innovation, introduced by the company represent an important driver of organizational change adoption. This study examines if employees’ environmental concerns, considered as a general attitude and a value orientation, are related to the perception of the advantages of eco-innovation. Building on climate literature, it also investigates if the climate of support for innovation moderates that relationship. A cross-sectional study was conducted with 130 Italian workers. A confirmatory factor analysis and a moderation model were tested. Results show a significant positive relationship between employees’ environmental concern and perceived benefits of eco-innovation. Intriguingly, the climate of support for innovation negatively, instead of positively, moderated this relationship. Results suggest that in order to increase the perception of the benefits of the introduced eco-innovations, organizations should consider the whole set of innovations undertaken and address, especially to very concerned and value oriented employees, the unique environmental benefits of those innovations. Full article
(This article belongs to the Special Issue Sustainable Career Development and Organizational Psychology)
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21 pages, 3240 KiB  
Article
Eco-Innovation Drivers and Their Impact on Tourism and the Hospitality Business in Egypt
by Mohamed Ahmed, Nadir Aliane, Nourredine Khababa, Maha Y. K. Abdou and Mohamed Fathy Agina
Adm. Sci. 2023, 13(7), 167; https://doi.org/10.3390/admsci13070167 - 19 Jul 2023
Cited by 11 | Viewed by 3690
Abstract
This research aims to examine the mediating effects of eco-innovation practices in the relationship between the drivers of eco-innovation and the performance of tourism and hospitality enterprises. A quantitative approach was adopted in this research using questionnaire surveys as an instrument for collecting [...] Read more.
This research aims to examine the mediating effects of eco-innovation practices in the relationship between the drivers of eco-innovation and the performance of tourism and hospitality enterprises. A quantitative approach was adopted in this research using questionnaire surveys as an instrument for collecting primary data. Based on the convenience sampling technique, a total of 550 questionnaire forms were distributed to five-star hotels and travel agencies in Cairo. Out of the distributed forms, only 400 forms were filled out and returned to the researchers and thus valid for analysis, representing a response rate of 72.7%. Structural Equation Modeling (SEM) using partial least squares (PLS-SEM) was employed to test the research model. The results showed the significant effect of independent variables on dependent variables through mediating variables. Multiplied path coefficients were used to measure the confidence interval (CI) for measuring the mediating relationship. The results supported the effect of eco-innovation practices as a mediating factor in the relationship between the drivers of eco-innovation and the performance of tourism and hospitality enterprises. The findings also showed that the eco-innovation drivers, which include management awareness, organizational capabilities, and environmental strategy, have a significant effect on eco-innovation practices and tourism/hospitality enterprise performance when integrating the mediating variables of eco-innovation practices. There are a few studies that have also examined a conceptual framework to examine eco-innovation practices as mediating factors in the relationship between the drivers of eco-innovation and the performance of tourism and hospitality enterprises in terms of five-star hotels and travel agencies in Egypt. Consequently, this research contributes to the literature related to tourism and hospitality management through highlighting the mediating effect of eco-innovation practices on the relationship between the drivers of eco-innovation and the performance of tourism and hospitality enterprises. Full article
(This article belongs to the Special Issue A Global Perspective on the Hospitality and Tourism Industry)
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19 pages, 1530 KiB  
Article
Organizational Agility and Sustainable Manufacturing Practices in the Context of Emerging Economy: A Mediated Moderation Model
by Jianmin Sun, Muddassar Sarfraz, Jamshid Ali Turi and Larisa Ivascu
Processes 2022, 10(12), 2567; https://doi.org/10.3390/pr10122567 - 2 Dec 2022
Cited by 12 | Viewed by 4461
Abstract
Since the beginning of the 21st century, agility and sustainability have played a significant role in the global manufacturing industry. The manufacturing paradigm leaning toward green procurement and organizational agility has crossed all levels of sustainability by colossally influencing the firms’ sustainable practices, [...] Read more.
Since the beginning of the 21st century, agility and sustainability have played a significant role in the global manufacturing industry. The manufacturing paradigm leaning toward green procurement and organizational agility has crossed all levels of sustainability by colossally influencing the firms’ sustainable practices, innovation capacity, and eco-friendly procurements. Integrating sustainable practices in manufacturing is a complex task that demands that global economies conduct comprehensive research on the factors influencing the firms’ sustainable practices. Therefore, the study considers empirical research between organizational agility and sustainable manufacturing practices. The data was collected from 461 respondents working in the manufacturing sector by applying a convenience sampling technique. We utilized structural equation modeling (SEM) for direct and indirect hypothesis testing. The study results revealed that operational, customer, and partnering agility significantly and positively impact sustainable manufacturing practices and green procurement. Green procurement mediates the relationship between operational, customer, partnering agility and sustainable manufacturing practices. The study results showed a significant moderating role of big data between green procurement and sustainable manufacturing practices. The study findings are helpful to managers and policymakers. Full article
(This article belongs to the Special Issue Circular Economy and Efficient Use of Resources (Volume II))
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23 pages, 2797 KiB  
Article
Model of the Factors Affecting the Eco-Innovation Activity of Bulgarian Industrial Enterprises
by Valentina Nikolova-Alexieva, Iordanka Alexieva, Katina Valeva and Mariana Petrova
Risks 2022, 10(9), 178; https://doi.org/10.3390/risks10090178 - 7 Sep 2022
Cited by 21 | Viewed by 3819
Abstract
In recent years, modern society has faced a number of challenges related to the achievement of global goals for sustainable development. Industrial enterprises are challenged to generate, stimulate, and demand changes in networks and supply chains, but these challenges require flexibility and innovation [...] Read more.
In recent years, modern society has faced a number of challenges related to the achievement of global goals for sustainable development. Industrial enterprises are challenged to generate, stimulate, and demand changes in networks and supply chains, but these challenges require flexibility and innovation activity in different directions. The data for Bulgaria show that the country is last among the countries of the European Union in terms of the creation and implementation of eco-innovations. Despite this result, the pace at which the country is developing shows that in the next few years, Bulgaria has the potential to move from a modest to a moderate eco-innovator, provided that it succeeds in filling the structural gaps in the system of ecological innovation. These gaps are related not only to the need for changes in the investment of resources but also to the need for changes in individual and related systems such as science and innovation, support for SMEs, the energy system, etc. Most of the research on sustainable innovation and eco-innovation has, however, focused on firm innovation models dominated by short-term profit-maximizing approaches. Therefore, there is a need to conduct research and propose adequate strategies for modern business environments and design models that facilitate the implementation of eco-innovations in industrial enterprises. The purpose of this report is to investigate the factors influencing the development of eco-innovation activities of Bulgarian industrial enterprises, examining how they can help to achieve success through eco-innovation and improve business results. A factorial model is proposed, through which the relationships between technological, financial, organizational, informational resources, research and development activities (R&D), and company cooperation are analyzed. The PLS structural equation modeling technique was used to validate the proposed theoretical model. The survey was conducted among 380 industrial enterprises from all over the sectors of the economy in Bulgaria with the help of a specially developed questionnaire within the period of April 2019 to December 2021. The obtained results show that human resources, financial resources, and cooperation positively influence research and development activities. In addition, the achievement of a positive effect on the management of eco-innovations affects the innovation activities of industrial enterprises, their ability to carry out research and development activities, as well as their ability to manage the technical and technological resources at their disposal effectively. Finally, the innovation activity aimed at carrying out scientific research and development activity, products and processes obtained as a result of the eco-innovation activity, and adequate information management directly affect the efficiency of business processes and financial results. Full article
(This article belongs to the Special Issue New Advance of Risk Management Models)
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18 pages, 1687 KiB  
Article
Drivers in the Eco-Innovation Road to the Circular Economy: Organiational Capabilities and Exploitative Strategies
by Bahman Peyravi and Artūras Jakubavičius
Sustainability 2022, 14(17), 10748; https://doi.org/10.3390/su141710748 - 29 Aug 2022
Cited by 17 | Viewed by 3355
Abstract
This article contributes to the empirical literature on the drivers of eco-innovation within the context of an organizational capability and exploitative strategies towards a circular economy. It explores the dynamics of the determinants of eco-innovation. The aim of this study is to contribute [...] Read more.
This article contributes to the empirical literature on the drivers of eco-innovation within the context of an organizational capability and exploitative strategies towards a circular economy. It explores the dynamics of the determinants of eco-innovation. The aim of this study is to contribute to this debate by analyzing evidence regarding the different factors influencing organizational capabilities in “transformative innovation” to support transition while eliminating obstacles to sustainability. The practical contribution of this paper is a consolidated, complete framework of eco-innovation that provides substantial insights to practitioners and facilitates the spread of eco-innovative practices. This study will benefit policy makers, key institutions, and firms to leverage the organizational capability with the effective implementation of eco-innovation processes towards a circular economy, where structural changes and transformative eco-innovation are the main determinants. However, the exploration of eco-innovation dynamics within a circular economy is still widely disregarded, especially concerning the trends and dynamics in policy-making processes and strategy development. The research employed the multi-criteria SAW method. The purpose of the suggested methodology is to establish the criteria for ranking the drivers of eco-innovation adoption. Research findings indicate the nexus between the drivers in eco-innovation and social behavior, eco-design, infrastructural changes, and political approaches. This study provides a comprehensive framework for understanding the drivers of eco-innovation towards a circular economy with regard to organizational capabilities and exploitative strategies. Full article
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14 pages, 1003 KiB  
Article
Eco-Innovation and Firm Performance: Evidence from South America
by Holger Raúl Barriga Medina, Ruben Guevara, Ronald Enrique Campoverde and Milton Ismael Paredes-Aguirre
Sustainability 2022, 14(15), 9579; https://doi.org/10.3390/su14159579 - 4 Aug 2022
Cited by 14 | Viewed by 3517
Abstract
Eco-innovation has received a great deal of attention in academia and the business sector because it promotes a firm’s sustainable development and seeks to improve its performance. The prime objective of this study was to analyze the effect of the process, organization, and [...] Read more.
Eco-innovation has received a great deal of attention in academia and the business sector because it promotes a firm’s sustainable development and seeks to improve its performance. The prime objective of this study was to analyze the effect of the process, organization, and product eco-innovation on the company’s financial and environmental performance. Using a structural equation model estimated by maximum likelihood and a sample from 214 South American manufacturing companies in Colombia, Ecuador, and Perú, we found that organizational eco-innovation (OE) and process eco-innovation (PCE) are positively and significantly associated with the firm’s environmental and financial performance. In contrast, product eco-innovation (PDE) is not significantly associated with the two types of performance described. Likewise, OE has a significant and positive indirect influence on PDE, environmental performance, and financial performance. These findings suggest that OE and PCE positively affect the firm’s performance. On the contrary, PDE does not have this effect, extending the discussion that eco-innovation is specific to the context of the study. Full article
(This article belongs to the Section Sustainable Management)
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14 pages, 880 KiB  
Article
Linking Eco-Innovation and Circular Economy—A Conceptual Approach
by Magdalena Pichlak and Adam R. Szromek
J. Open Innov. Technol. Mark. Complex. 2022, 8(3), 121; https://doi.org/10.3390/joitmc8030121 - 14 Jul 2022
Cited by 38 | Viewed by 4325
Abstract
The socio-economic transformations taking place nowadays bring about the necessity to transform the currently dominating linear paradigm of economic growth. The basis for such a transformation is, first of all, the implementation of sustainable systems of production and consumption, so that they evolve [...] Read more.
The socio-economic transformations taking place nowadays bring about the necessity to transform the currently dominating linear paradigm of economic growth. The basis for such a transformation is, first of all, the implementation of sustainable systems of production and consumption, so that they evolve into companies implementing the assumptions of a closed-circle economy. Although the concept of such an economy has been widely accepted by both researchers and practitioners, there is still a lack of thorough recognition of the determinants of its application at the organizational level. Attempting to fill this research gap, this paper addresses the conceptual link between companies’ eco-innovation activities and the CE paradigm. It attempts to assess the importance of eco-innovation, both technological and nontechnological in nature, as determinants of the implementation of the concept of a closed-loop economy. The prospects for the implementation of a closed-loop economy are described, then the concepts and types of eco-innovation are organized, and finally the role of eco-innovation as a catalyst for the implementation of the CE concept is explained. The article also indicates the most important management practices, understood as strategic actions necessary in the process of generating and implementing innovations leading to the realization of the idea of reverse material flows. As a consequence of the discussion, the proposition suggested herein is to develop the existing circular business models by taking into account the eco-innovative activities of enterprises. The article is also an attempt to start a discussion on the category of open eco-innovations and to popularize the practice of open access to eco-innovations. Full article
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10 pages, 387 KiB  
Data Descriptor
Panel Dataset to Assess Proactive Eco-Innovation in the Paradigm of Firm Financial Progression
by Md Abu Toha and Satirenjit Kaur Johl
Data 2021, 6(12), 131; https://doi.org/10.3390/data6120131 - 10 Dec 2021
Cited by 1 | Viewed by 2526
Abstract
Recently, eco-innovation has received a lot of attention in the academic and corporate world due to its potential to accelerate firm financial progression. To measure eco-innovation, mostly primary data and a reactive approach were employed. By emphasising the proactive approach and utilising a [...] Read more.
Recently, eco-innovation has received a lot of attention in the academic and corporate world due to its potential to accelerate firm financial progression. To measure eco-innovation, mostly primary data and a reactive approach were employed. By emphasising the proactive approach and utilising a secondary panel dataset, this study fills the existing research gap. Data presented in this paper comprise 31 energy firms from Bursa Malaysia for the years between 2015 and 2019. Panel data associated with eco-innovation proactiveness and firm financial progression were collected from three different sources such as company websites, annual reports, and sustainability reports using content analysis. For data collection, an index was adapted comprising five dimensions of eco-innovation, named as product, process, technology, organizational, and marketing. In addition to that, Tobin’s Q was considered as a proxy dimension for firm financial progression because it considers both market value as well as book value. Following a unit root test, six specific data diagnostic tests were performed to ensure data reliability and validity for future potential usage. The results reveal that the panel dataset was organised and is eligible for further statistical model analysis. Full article
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20 pages, 974 KiB  
Article
Determinants of Energy Efficient Innovation: A Systematic Literature Review
by Paulius Šūmakaris, Renata Korsakienė and Deniss Ščeulovs
Energies 2021, 14(22), 7777; https://doi.org/10.3390/en14227777 - 19 Nov 2021
Cited by 20 | Viewed by 3491
Abstract
Engaging firms to generate and adopt energy efficient innovation is crucial for balancing energy needs for sustainable development. In addition, a reduction in energy consumption can address environmental problems and lower production costs by reducing materials and/or energy costs and costs related to [...] Read more.
Engaging firms to generate and adopt energy efficient innovation is crucial for balancing energy needs for sustainable development. In addition, a reduction in energy consumption can address environmental problems and lower production costs by reducing materials and/or energy costs and costs related to compliance with regulations. Considering the lack of systematic reviews focused on the determinants of energy efficient innovation, we address this gap and set forth to enhance the body of knowledge in the field of energy efficient innovation. To achieve the research aim, a systematic literature review and qualitative content analysis were conducted. This study offers two contributions. First, the study distinguishes the determinants of energy efficient innovation in three levels: micro-level, meso-level, and macro-level. According to the findings, the following determinants of energy efficient innovation are highlighted at the micro-level: (1) cost savings; (2) previous experience; (3) technological capabilities; (4) green capabilities; (5) innovation capabilities; (6) knowledge development; (7) organizational innovations; (8) financial resources; (9) investment in tangible assets. Meanwhile, the determinants are distinguished at the meso-level: (1) competitive pressure; (2) customer and provider pressure; (3) external knowledge cooperation; (4) social pressure; (5) voluntary agreements. Finally, the determinants are disclosed at the macro-level: (1) government subsidies; (2) current or future regulation. Second, the study provides insights on the determinants of energy efficient innovation and sets an agenda for future research. The study demonstrates the need for further investigations on the drivers of energy efficient innovation as compared to general eco-innovation. Full article
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